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Inflation Cooling, Fed Hesitates | Oakland News
Inflation’s cooling down—July numbers show a 3.4% annual pace, down from May’s three-year high, with core inflation dipping to 2.5%. That’s music to the Fed’s ears, especially after last week’s jobs report revealed layoffs. With August’s report looming, economists are betting rates stay put to support the job market—and inflation could hit 2% by next year if trends hold. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to…
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